The profits on water are huge, but the raw material is free – Tampa Bay Times

Posted by Trish Riley, May 1, 2012

Plastic trash, © Trish Riley

Nestle came into Florida and managed to pull off quite the coup.

The company got a permit to take water belonging to Floridians — hundreds of millions of gallons a year from a spring in a state park — at no cost to Nestle.

No taxes. No fees. Just a $230 permit to pump water until 2018.

Nestle bottles that water, ships it throughout the Southeast — much of it to Georgia and the Carolinas — and makes millions upon millions of dollars in profits on it.

via The profits on water are huge, but the raw material is free – Tampa Bay Times.